Income Protection Insurance -1300 478 022 &#8211; for the Best Income Protection Insurance Advice

In this video Mike looks at How to Pay Your Liabilities When You Can't Work.

If you're unable to work because of an illness or injury, it's unlikely you'll be receiving a steady income that's similar to what you were earning.

Income Protection insurance is designed to pay a monthly benefit up to 75% of your salary to give you the freedom to focus on your recovery, without worrying about where the money is going to come from for your every day bills like your mortgage, groceries or utilities.

TAL -- one of the leading Australian Insurance Providers paid out $145,640,940 in Income Protection Insurance and Business Expense Insurance Claims in 2011! This accounted for 40% of all TAL claims in 2011. If you think these kinds of claims are uncommon -- Think Again!

Basically, a policy like this makes good sense if an accident happens that means you aren't able to pay important bills like school fees or home loans - As we all know, sick pay only lasts a short time and Workers Compensation won't last until you retire. In fact, if you take a look at your Workers Compensation, it will make you think hard about income protection. Also, other policies like a total and permanent disability protection policy with a life insurance policy can be very restrictive, hence why advisers often encourage their clients to take out income insurance.

In this video Mike looks at How to Pay Your Liabilities When You Can’t Work.

If you’re unable to work because of an illness or injury, it’s unlikely you’ll be receiving a steady income that’s similar to what you were earning.

Income Protection insurance is designed to pay a monthly benefit up to 75% of your salary to give you the freedom to focus on your recovery, without worrying about where the money is going to come from for your every day bills like your mortgage, groceries or utilities.

TAL — one of the leading Australian Insurance Providers paid out $145,640,940 in Income Protection Insurance and Business Expense Insurance Claims in 2011! This accounted for 40% of all TAL claims in 2011. If you think these kinds of claims are uncommon — Think Again!

Basically, a policy like this makes good sense if an accident happens that means you aren’t able to pay important bills like school fees or home loans – As we all know, sick pay only lasts a short time and Workers Compensation won’t last until you retire. In fact, if you take a look at your Workers Compensation, it will make you think hard about income protection. Also, other policies like a total and permanent disability protection policy with a life insurance policy can be very restrictive, hence why advisers often encourage their clients to take out income insurance.